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15

Global Oil Giants Afraid of Niger Delta

In oil-rich outheastern Nigeria there is a panic in the management bodies of multinational oil companies

In oil-rich outheastern Nigeria there is a panic in the management bodies of multinational oil companies amid the increasing abduction and pipeline destruction cases this month.

On Saturday militants killed three Nigerians and kidnapped two Indians at the newly privatized Eleme Petrochemical Company Limited/Indorama, in Eleme.

Since May 1 after the general election in Nigeria, about 30 expatriates were kidnapped in the southeastern Nigeria's Delta region and from the beginning of this year, the number of abducted expatriates rose to more than 90.

Also, many oil facilities have been destroyed by the militants, leading to sharp reduction in the crude oil output from 2.5 million barrels to 1.9 million barrels per day in the country.